Spinal Surgery Devices Market, By Device Type (Spinal Decompression (Corpectomy, Discectomy, Facetectomy, Foraminotomy, and Laminotomy), Spinal Fusion (Cervical Fusion, Interbody Fusion, ThoracoLumbar Fusion, and Other Spinal Fusions), Fracture Repair Devices, Arthroplasty Devices, and Non-fusion Devices), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Spine surgery is one of the fast-growing surgical technique. It has progressed into one of the major divisions of the orthopedic industry. Spinal surgery is usually performed as open surgery, wherein a long incision allows a surgeon to access the spinal anatomy of a body. However, owing to the recent technological advances, the number of minimally invasive procedures has increased significantly, thereby, driving growth of the spinal surgery devices market globally. Spinal fusion, also called spondylodesis or spondylosyndesis, may be a neurosurgical or orthopedic surgical technique that joins two or more vertebrae. This procedure are often performed at any level within the spine (cervical, thoracic, or lumbar) and prevents any movement between the fused vertebrae. There are many sorts of fusion and every technique involves using bone grafting—either from the patient (auto graft), donor (allograft), or artificial bone substitutes—to help the bones heal together. Additional hardware (screws, plates, or cages) is usually wont to hold the bones in situ while the graft fuses the 2 vertebrae together. The location of hardware are often guided by fluoroscopy, navigation systems, or robotics. Spinal fusion is most ordinarily performed to alleviate the pain and pressure from mechanical pain of the vertebrae or on the medulla spinal is that results when a disc (cartilage between two vertebrae) wears out (degenerative disc disease).Other common pathological conditions that are treated by fusion include spinal stenosis, spondylolisthesis, spondylosis, spinal fractures, scoliosis, and kyphosis. The Global Spinal Surgery Devices Market accounted for US$ 10.79 billion in 2020 and is estimated to be US$ 18.02 billion by 2030 and is anticipated to register a CAGR of 5.3%.

 

Increasing geriatric population and rise in the incidence of spinal disorders are the major factor driving the growth of the global spinal surgery devices market worldwide. According to the U.S. Census Bureau’s Statistics as of 2017, the total number of people aged 65 and older exceeded 50 million. Between 2020-2030, the number of elderly is projected to increase by almost 18 million. Although much smaller in total size, the number of people aged 85 and older is anticipated to more than triple from a valued 6 million to nearly 20 million by 2060. Also, expansion in the indications for which spinal fusion surgery is performed propels the growth of the target market. For instance, originally spinal fusion was performed solely for spinal tuberculosis and scoliosis, but there are 14 situations for which spinal fusion technique is currently indicated. However, stringent regulatory approval and unfavorable reimbursement scenario and procedure of these devices are projected to hamper the global market growth.

 

The global spinal surgery devices market is segmented based on device type and region.

 

Based on device type, the global spinal surgery devices market is segmented into spinal decompression, spinal fusion, fracture repair devices, arthroplasty devices, and non-fusion devices. Spinal decompression device type segment is further bifurcated into corpectomy, discectomy, facetectomy, foraminotomy, and laminotomy. Spinal fusion segment is further classified into cervical fusion, interbody fusion, thoracolumbar fusion, and other spinal fusions. Currently, laminotomy has the largest market share of spinal decompression surgeries, in the global spinal surgery devices market. The increasing number of cases of herniated disk and lower back pain in the spine are some of the most common reasons for the growing popularity of this type of surgery.

Regional Insights:

 

For detailed understanding of market dynamics, based on the region the global spinal surgery devices market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific witnesses the higher market potential for spinal surgery devices, owing to an increase in healthcare expenditure and rising incidence of spinal disorders. Moreover, the growing ageing population, low cost of the spinal procedures in countries such as India as compared to that of developed countries such as the U.S. have further increased the demand for spinal implants. In India, spinal surgery is performed at over 2,000 hospitals, with sophisticated and complex surgeries such as microscopic spine surgery being performed in at least 500 multi-faculty spinal surgery hospitals and super-speciality hospitals. Therefore, the above mentioned factors are anticipated to boost the demand for spinal surgery devices.

 

 

Detailed Segmentation:

 

Attribute	Details
Base year for estimation	2020
Forecast period	2020 – 2030
Market representation	Revenue in USD Million & CAGR from 2020 – 2030
Market Segmentation	By Device Type- Spinal Decompression (Corpectomy, Discectomy, Facetectomy, Foraminotomy, and Laminotomy), Spinal Fusion (Cervical Fusion, Interbody Fusion, ThoracoLumbar Fusion, and Other Spinal Fusions), Fracture Repair Devices, Arthroplasty Devices, and Non-fusion Devices
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

 

 

Detailed Segmentation:

Global Spinal Surgery Devices Market, By Device Type:

• Spinal Decompression

• Corpectomy
• Discectomy
• Facetectomy
• Foraminotomy
• Laminotomy

• Spinal Fusion

• Cervical Fusion
• Interbody Fusion
• ThoracoLumbar Fusion
• Other Spinal Fusions

• Fracture Repair Devices
• Arthroplasty Devices
• Non-fusion Devices

Global Spinal Surgery Devices Market, By Region:

• • • North America
      • North America Spinal Surgery Devices Market, By Device Type
      • North America Spinal Surgery Devices Market, By Country
        • The U.S.
        • Canada
    • Europe
      • Europe Spinal Surgery Devices Market, By Device Type
      • Europe Spinal Surgery Devices Market, By Country
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Asia Pacific Spinal Surgery Devices Market, By Device Type
      • Asia Pacific Spinal Surgery Devices Market, By Country
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Latin America Spinal Surgery Devices Market, By Device Type
      • Latin America Spinal Surgery Devices Market, By Country
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Middle East & Africa Spinal Surgery Devices Market, By Device Type
      • Middle East & Africa Spinal Surgery Devices Market, By Country
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

The key players operating the global spinal surgery devices market involves Alphatec Spine, Inc., Depuy Synthes Spine Inc. (Johnson & Johnson), Globus Medical, Inc., Joimax GmbH, Medtronic PLC, NuVasive, Inc., Orthofix Holdings, Inc., SeaSpine Holdings Corporation, Stryker Corporation, and Zimmer Holdings, Inc. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market. For instance, in September 2018, Globus Medical, Inc. declared the acquisition of Nemaris Inc., a privately held company. The company develops and markets Surgimap, a leading surgical planning software platform.

• • • Alphatec Spine, Inc.
      • Company Overview

• • • • Device Type Portfolio
      • Key Highlights
      • Financial Performance
• Depuy Synthes Spine Inc. (Johnson & Johnson)
  • • • Company Overview

• • • • Device Type Portfolio
      • Key Highlights
      • Financial Performance
• Globus Medical, Inc.
  • • • Company Overview

• • • • Device Type Portfolio
      • Key Highlights
      • Financial Performance
• Joimax GmbH
  • • • Company Overview

• • • • Device Type Portfolio
      • Key Highlights
      • Financial Performance
• Medtronic PLC
  • • • Company Overview

• • • • Device Type Portfolio
      • Key Highlights
      • Financial Performance
• NuVasive, Inc.
  • • • Company Overview

• • • • Device Type Portfolio
      • Key Highlights
      • Financial Performance
• Orthofix Holdings, Inc.
  • • • Company Overview

• • • • Device Type Portfolio
      • Key Highlights
      • Financial Performance
• SeaSpine Holdings Corporation
  • • • Company Overview

• • • • Device Type Portfolio
      • Key Highlights
      • Financial Performance
• Stryker Corporation
  • • • Company Overview

• • • • Device Type Portfolio
      • Key Highlights
      • Financial Performance
• Zimmer Holdings, Inc.
  • • • Company Overview

• • • • Device Type Portfolio
      • Key Highlights
      • Financial Performance

 

Table of Contents

1. Research Objective and Assumption
   • Preface
   • Research Objectives
   • Study Scope
   • Years considered for the study
   • Assumptions
   • Abbreviations
2. Research Methodology
   • Research data
   • Primary Data
     • Primary Interviews
     • Primary Breakdown
     • Key data from Primary Sources
     • Key Industry Insights
   • Secondary Data
     • Major Secondary Sources
     • Secondary Sources
   • Market Estimation
   • Top-Down Approach
     • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
   • Bottom-Up Approach
     • Approach for estimating market share by Bottom-up Analysis (Demand Side)
   • Market Breakdown and Data Triangulation
   • Research Assumptions
3. Market Purview
   • Executive Summary
   • Key Findings—Global Outlook for Spinal Surgery Devices Strategies
     • Key Questions this Study will Answer
     • Market Snippet, By Device Type
     • Market Snippet, By Region
   • Opportunity Map Analysis
   • Executive Summary—3 Big Predictions
4. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
     • Market Trends
   • DR Impact Analysis
   • PEST Analysis
   • Porter’s Five Forces Analysis
   • Opportunity Orbit
   • Market Investment Feasibility Index
   • Macroeconomic Factor Analysis
5. Global Spinal Surgery Devices Market, By Device Type, 2020 – 2030, (US$ Mn)
   • Overview
     • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
     • Y-o-Y Growth Analysis (%), 2020 – 2030
     • Segment Trends
   • Spinal Decompression
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
       • Corpectomy
       • Discectomy
       • Facetectomy
       • Foraminotomy
       • Laminotomy
   • Spinal Fusion
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
       • Cervical Fusion
       • Interbody Fusion
       • ThoracoLumbar Fusion
       • Other Spinal Fusions
   • Fracture Repair Devices
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Arthroplasty Devices
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Non-fusion Devices
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
6. Global Spinal Surgery Devices Market, By Region, 2020 – 2030, (US$ Mn)
   • Overview
     • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
     • Y-o-Y Growth Analysis (%), 2020 – 2030
     • Regional Trends
   • North America
     • Market Size and Forecast (US$ Mn), By Device Type, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
       • U.S.
       • Canada
   • Europe
     • Market Size and Forecast (US$ Mn), By Device Type, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
       • Germany
       • UK
       • France
       • Russia
       • Italy
       • Rest of Europe
   • Asia Pacific
     • Market Size and Forecast (US$ Mn), By Device Type, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
       • China
       • India
       • Japan
       • South Korea
       • Rest of Asia Pacific
   • Latin America
     • Market Size and Forecast (US$ Mn), By Device Type, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
       • Brazil
       • Mexico
       • Rest of Latin America
   • Middle East & Africa
     • Market Size and Forecast (US$ Mn), By Device Type, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
       • GCC
       • Israel
       • South Africa
       • Rest of Middle East
7. Competitive Landscape
   • Heat Map Analysis
   • Market Presence and Specificity Analysis
8. Company Profiles
   • • Alphatec Spine, Inc.
       • Company Overview
       • Product Portfolio
       • Key Highlights
       • Financial Overview
     • Depuy Synthes Spine, Inc. (Johnson & Johnson)
       • Company Overview
       • Product Portfolio
       • Key Highlights
       • Financial Overview
     • Globus Medical, Inc.
       • Company Overview
       • Product Portfolio
       • Key Highlights
       • Financial Overview
     • Joimax GmbH
       • Company Overview
       • Product Portfolio
       • Key Highlights
       • Financial Overview
     • Medtronic PLC
       • Company Overview
       • Product Portfolio
       • Key Highlights
       • Financial Overview
     • NuVasive, Inc.
       • Company Overview
       • Product Portfolio
       • Key Highlights
       • Financial Overview
     • Orthofix Holdings, Inc.
       • Company Overview
       • Product Portfolio
       • Key Highlights
       • Financial Overview
     • SeaSpine Holdings Corporation
       • Company Overview
       • Product Portfolio
       • Key Highlights
       • Financial Overview
     • Stryker Corporation
       • Company Overview
       • Product Portfolio
       • Key Highlights
       • Financial Overview
     • Zimmer Holdings, Inc.
       • Company Overview
       • Product Portfolio
       • Key Highlights
       • Financial Overview
9. The Last Word
   • Future Impact
   • About Us
   • Contact